Vornado Realty Trust (NYSE:VNO) Given Consensus Recommendation of “Hold” by Brokerages

Posted by Lars Charter on Jan 8th, 2025

Vornado Realty Trust (NYSE:VNO – Get Free Report) has earned an average rating of “Hold” from the eleven analysts that are presently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $37.61.

VNO has been the subject of several research reports. Scotiabank lifted their price objective on Vornado Realty Trust from $33.00 to $38.00 and gave the stock a “sector perform” rating in a research report on Friday, October 25th. Mizuho raised Vornado Realty Trust from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $38.00 to $48.00 in a report on Tuesday. Piper Sandler restated a “neutral” rating and issued a $44.00 price objective (up from $30.00) on shares of Vornado Realty Trust in a research report on Friday, October 18th. Truist Financial lifted their price objective on Vornado Realty Trust from $31.00 to $40.00 and gave the stock a “hold” rating in a research report on Wednesday, December 4th. Finally, Evercore ISI upped their target price on shares of Vornado Realty Trust from $40.00 to $45.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th.

Read Our Latest Research Report on Vornado Realty Trust

Institutional Investors Weigh In On Vornado Realty Trust

Institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. raised its stake in Vornado Realty Trust by 232.8% during the third quarter. JPMorgan Chase & Co. now owns 3,529,069 shares of the real estate investment trust’s stock worth $139,045,000 after purchasing an additional 2,468,652 shares during the period. Principal Financial Group Inc. increased its holdings in shares of Vornado Realty Trust by 428.3% during the 3rd quarter. Principal Financial Group Inc. now owns 2,820,958 shares of the real estate investment trust’s stock worth $111,146,000 after buying an additional 2,286,997 shares during the last quarter. Bamco Inc. NY purchased a new position in shares of Vornado Realty Trust in the 3rd quarter worth $75,347,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Vornado Realty Trust by 381.6% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,205,383 shares of the real estate investment trust’s stock valued at $47,492,000 after acquiring an additional 955,071 shares during the last quarter. Finally, Heitman Real Estate Securities LLC boosted its holdings in Vornado Realty Trust by 2,021.1% in the third quarter. Heitman Real Estate Securities LLC now owns 994,446 shares of the real estate investment trust’s stock valued at $39,181,000 after acquiring an additional 947,562 shares during the last quarter. 90.02% of the stock is currently owned by hedge funds and other institutional investors.

Vornado Realty Trust Trading Down 2.4 %

Shares of VNO stock opened at $40.31 on Friday. Vornado Realty Trust has a fifty-two week low of $22.42 and a fifty-two week high of $46.63. The company has a quick ratio of 4.97, a current ratio of 4.97 and a debt-to-equity ratio of 1.93. The business has a fifty day simple moving average of $42.72 and a 200-day simple moving average of $36.96. The stock has a market cap of $7.69 billion, a P/E ratio of -139.00 and a beta of 1.62.

Vornado Realty Trust (NYSE:VNO – Get Free Report) last posted its earnings results on Monday, November 4th. The real estate investment trust reported ($0.10) earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.61). Vornado Realty Trust had a net margin of 0.46% and a return on equity of 1.72%. The business had revenue of $443.26 million for the quarter, compared to analysts’ expectations of $445.07 million. During the same quarter last year, the business posted $0.66 earnings per share. The business’s revenue was down 1.7% compared to the same quarter last year. On average, analysts forecast that Vornado Realty Trust will post 2.16 earnings per share for the current fiscal year.

Vornado Realty Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 16th were issued a dividend of $0.74 per share. This is a positive change from Vornado Realty Trust’s previous quarterly dividend of $0.30. This represents a $2.96 annualized dividend and a dividend yield of 7.34%. The ex-dividend date of this dividend was Monday, December 16th. Vornado Realty Trust’s dividend payout ratio is presently -255.17%.